Creative Newtech Limited — Q4 FY26
Creative Newtech reported a strong Q4 FY26 with revenue from operations at ₹740.01 crore (up 81.16% YoY) and EBITDA at ₹29.39 crore (up 52.15% YoY).
bullish
high
✓ Verified against BSE filing
Claim Ledger
Did management answer the analysts?
Every material analyst question, graded on whether management actually answered it — with the verbatim exchange and quantitative claims checked against filed numbers.
82%Questions answered0Evaded / deflected11Questions auditedContradictedNumbers vs filing
Partial answer
High priority
Consider demerging honey business to unlock value due to higher margins.
Asked by Ahmed, Robo Capital
Acknowledged demerger plan but deferred to 2-3 years, no specific timeline.
no timeline commitmentdeferred to long-term
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Question
So my first question is on the honey business. ... have you considered demerging that business to unlock value?
Amit (management, name only)
the long-term plan is that in a next two to three years we will be on that path where we'll have the brand business separate and the market entry business separate... for the next 15 months there is no plan but then probably after that we could initiate this
Answered
High priority
Impact of Middle East war on growth and expansion plans.
Asked by Ahmed, Robo Capital
Provided specific freight cost increase and acknowledged impact on plans.
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Question
just wanted to understand impact of middle east war and how do you see growth going forward and we're also looking to expand in middle east. So are those plans still in place?
Amit (management, name only)
Short answer to your question is that the Middle East war yes it is impacting the business currently... freight cost was between $1,500 to $1,700 which has now gone to $7,500 to $8,000... if this continues it will have some material impact for sure.
Answered
High priority
Revenue growth outlook going forward.
Asked by Ahmed, Robo Capital
Provided specific growth targets for revenue and profit.
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Question
my last question was on the revenue growth ... how do you see revenue growth going forward?
Amit (management, name only)
our internal thing is that we want to grow by at least in a year by 25 30% for sure and the profit also we want to in absolute term for the next five six years growth by 30% for sure.
Answered
High priority
Margins as honey business scales to 900-1000 cr topline.
Asked by Ahmed, Robo Capital
Provided specific margin improvement target at scale.
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Question
how do you think it will impact margins can we scale it to say 900,000 cr topline on honey and still maintain these type of margins or will margins dilute as we scale?
Amit (management, name only)
over a long-term period if you look at averages the margin will keep going higher... once we cross the 1000 cr we should operate at 18 19%.
Answered
Medium priority
Reason for high EBITDA margins in Q4.
Asked by Myria, Sapphire Capital
Explained margin improvement due to shift to Make in India products.
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Question
we had quite high cross and a beta margins. Any sort of reason or one of this happened because of...
Amit (management, name only)
last two quarters we have started focusing on making India companies and this making India companies are mainly into surveillance and AI... you get a higher percentage margin...
Partial answer
Medium priority
Is 25-30% growth guidance conservative given 50% growth this year?
Asked by Myria, Sapphire Capital
Did not confirm whether guidance is conservative; cited external risks.
no direct answer on conservatism
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Question
you mentioned we'll have 25 30% growth annually. This year we grew more than 50%. So is this on the conservative side you're guiding or do you see Middle East crisis lowering consumption?
Amit (management, name only)
50% by any criteria is an ambitious target... crisis like Middle East may impact little bit on the bottom line... but otherwise the demographics of India is in our favor...
Answered
Medium priority
Ability to pass on cost increases and inventory strategy.
Asked by Myria, Sapphire Capital
Confirmed cost pass-through but noted customer absorption issues.
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Question
are we able to pass on these costs or it's happening with the lag and also are we planning to increase our inventory to help with price increases?
Amit (management, name only)
whether we are able to pass the cost, yes, we are able to pass the cost to the customer. Whether the customer is able to absorb the cost, now it's the time when the customer is starting to feel the heat...
Partial answer
High priority
Acquisition plans for brand business and growth outlook for FY27.
Asked by Myria, Sapphire Capital
Mentioned active search and own brand launch but no specific FY27 numbers.
no specific acquisition timelineno FY27 brand revenue guidance
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Question
you said we are in near term going to have three to four brands any acquisition on the line that is going to happen in FY27 also how do you see this brand business growth coming in?
Amit (management, name only)
we are in active lookout of looking at any brand which we can look in the surveillance drone AI space... with our Honeywell brand this month you will hear that we launch our own brand also in this space.
Partial answer
High priority
Timeline to reach 1000 cr brand business and revenue split.
Asked by Myria, Sapphire Capital
Provided 2030 vision but no interim timeline for 1000 cr brand milestone.
no specific year for 1000 cr brandvisionary target
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Question
this 1000 cr target that you mentioned when do you expect to kind of reach that maybe 2 3 years down the line and also what sort of split would you have proportionately from the brand side and from the market entry side?
Amit (management, name only)
our vision by 2030 we want to be a 50% market entry and a 50% brand business company... any brand which is not doing 1000 cr is not a brand... we would at least require two to three brands which are above 1000 cr.
Answered
High priority
Share numbers for brand business, Honeywell India and overseas.
Asked by Sarang, Investor (individual)
Provided specific revenue numbers for brand business segments.
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Question
if you can share the numbers for Honeywell I mean overall brand business and within that what's Honeywell India and Honeywell overseas
Ajit (CFO)
brand business in India was 231.98 cr and outside India was 137.63 crores total brand business we achieved 369.61 crores... brand share of brand business is 14.1% in our total quarter...
Answered
Medium priority
Reason for increase in receivables.
Asked by Sarang, Investor (individual)
Explained increase with specific numbers and reasons.
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Question
can you talk a little bit about the receivables? I think this quarter we had a little higher receivables.
Ajit (CFO)
receivables has gone up from 237.76 crores to 565 crores... mainly because in the last quarter our turnover has got doubled... and we are also getting into new area of businesses like AI surveillance and data center product line where we have to extend extended credit.
Answered
Low priority
Reason for increase in intangibles.
Asked by Sonia Queswani, Coherent Wealth
Provided specific reasons for intangible increase.
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Question
the intangibles have increased quite a bit. What has been the reason behind it?
Ajit (CFO) and Amit (management)
intangible has gone up to 4006... we moved to a new ERP... Microsoft business center plus we also wanted to incorporate CRM and supply chain... we also opened one distribution center in Noida...
Quantitative claims vs filed numbers
| Claim | Management said | Filing | Verdict |
|---|---|---|---|
| Brand business India 231.98 cr, outside India 137.63 cr, total 369.61 cr | ₹369.61 cr | ₹741 cr | Understated vs filing |
| Q4 turnover doubled to 721 cr from 393 cr YoY | ₹721 cr | ₹741 cr | Understated vs filing |
Filed figures sourced from Screener.in. Claims within a small tolerance of the filing are marked “matches filing”.